Abstract
The paper examines the origin of international aid and its evolution over time. It explores that although aid existed in different forms, it officially began after the World War II and has become truly institutionalized since then. The paper then discusses in detail various forms and objectives that aid was supposed to accomplish. It explores that during the last more than six decades, aid has considerably evolved and has been utilized to achieve multifaceted objectives including economic growth, improving and building physical infrastructure and reducing extreme poverty in underdeveloped countries. The paper concludes by highlighting the current trends in international aid and depicts a relatively contemporary scenario of the aid and development industry.
Dr. Murad Ali, Dr. Alam Zeb,. (2016) Foreign Aid: Origin, Evolution and its Effectiveness in Poverty Alleviation, The Dialogue, Volume 11, Issue 1.
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